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Updated about 7 years ago on . Most recent reply

User Stats

88
Posts
64
Votes
Tyler Rowland
  • Lender
  • Cedar City, UT
64
Votes |
88
Posts

House Hack, and Inheriting tenants.

Tyler Rowland
  • Lender
  • Cedar City, UT
Posted

Hey there Bigger Pockets Community!  This is my first discussion on the forum, and I'm here to talk about my first House Hack (which is under contract.)  We are Inheriting some tenants who seem great so far.  The contract with the previous owner ends in April 2019.  Do I need to honor the lease contract of the last owner? ( which has a lot of stuff I would change.)  Or, can I just have them sign the new contract which would have a rent increase and pet deposit/fee?  I live in Utah BTW.  Are there any members who have had the same issue?  How did you handle inheriting a tenant?  What would be the correct way to go about a new contract, and any other advice about house Hacking ext...

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Tyler Rowland with Intercap Lending
5.0 stars
44 Reviews

Most Popular Reply

User Stats

1,345
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1,067
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William Hochstedler
  • Broker
  • Logan, UT
1,067
Votes |
1,345
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William Hochstedler
  • Broker
  • Logan, UT
Replied

I assume this is a multi-unit?  A duplex?

You will need to honor the lease.

Good luck.

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